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Consider a Setting in Which There Is a Negative Externality,but

question 73

Multiple Choice

Consider a setting in which there is a negative externality,but no positive externality.The market outcome is __________________; government can bring about the ___________________ outcome if it sets a tax equal to the __________________.


Definitions:

Myeloblasts

Immature bone marrow cells that are precursors to granulocytes, a type of white blood cell crucial for fighting infection.

Lymphoblasts

Immature cells that develop into lymphocytes, which are a type of white blood cell in the immune system.

Fibrin

Elastic filamentous protein derived from fibrinogen by the action of thrombin, which releases peptides from fibrinogen in coagulation of the blood.

Fibrinogen

A plasma protein produced by the liver, crucial for blood clotting as it is converted into fibrin in the clotting process.

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